ABOUT US

We believe technology changes entertainment

We invest in early-stage startups disrupting the entertainment industry

GFR Fund is a San Francisco-based venture capital fund that invests in early-stage startups that are disrupting the consumer entertainment industry. GFR Fund is managed by GREE VR Capital, an affiliate of GREE Inc., a global leader in the mobile gaming industry.

With over a decade of experience driving innovators in multi-platform entertainment, we see emerging technologies such as VR, AR, AI, Video Streaming and Blockchain as powerful tools that will propel the entertainment industry into a new generation of consumable content. We are looking for talented entrepreneurs who share our passion and values to help realize their vision and expand their businesses globally.

As an active investor for the past decade, Teppei Tsutsui is the CEO and Managing Director of GFR Fund. Having led several key investments and acquisitions in Tokyo, including GREE's acquisitions of OpenFeint and Funzio, Teppei is currently leading GFR Fund in San Francisco. Prior to working for GREE, Teppei was key to advising M&A strategy at Morgan Stanley, where his strength in the Asian market and as an investor grew. He also worked in Japan in business development at Mitsubishi Corporation.

Teppei earned a bachelor’s degree in Law from Hitotsubashi University and MBA from the University of Chicago.

Masaki Fujimoto

Managing Director

Masaki Fujimoto is the Managing Director at GFR Fund. He joined GREE in June 2005, and serves as the Company's chief technology officer. Prior to joining GREE, he worked at Astra the Studio, Inc. and Tunebiz Co., Ltd. Earlier in his career, Masaki was a member of the consulting staff of a PHP open source project. He graduated in 2001 with a bachelor's degree in literature from Sophia University.

With a background in data analytics, Yasushi Komori is a principal at GFR Fund. Yasushi joined GREE in 2010, where he honed his skills in data analytics and the Asia market. Before working for the GFR Fund, he worked at C.A. Mobile as a server engineer developing EC site from scratch. Yasushi also worked as game producer of Japanese and US social games. He helped produced such games as Haconiwa, Crime City, and Modern War. He led one of the games to $70M sales per year.

Yasushi earned a bachelor’s degree in Economics from Waseda University in 2007.

Gree VR Capital, a venture investment division of Japan’s mobile game publisher Gree, has completed its first fund for virtual reality investments and is rebranding so that it can invest in the broader augmented reality and mixed reality sectors.​

GREE VR Capital, the investment firm backing startups such as VRChat, TheWaveVR, and Littlstar, today announced the completion of its first immersive media fund, totaling $18.3 million in allocated funds. Previously called GVR Fund, the company is now changing its name to GFR Fund as it prepares for a second fund later this year.​

GFR Fund wraps up debut VR/AR/MR fund at $18.3 mln

GREE VR Capital has closed its first virtual reality/augmented reality/mixed reality fund at $18.3 million. Formed in April 2016, the fund will change its name to GFR Fund.

Virtual, augmented and mixed reality are some of the most exciting spaces in tech right now, offering some really interesting advances and experiences, though perhaps without some of the overhype brought on by ...

SAN FRANCISCO, Feb. 15, 2018 /PRNewswire/ -- GREE VR Capital, LLC., investors in such popular startups as VRChat, Sliver.tv and Littlstar, today announced it has completed its first VR/AR/MR fund with a total commitment of $18.3 million. The fund was established in April 2016

Gree’s VR VC fund rebrands to add AR and mixed reality

Gree VR Capital, a venture investment division of Japan’s mobile game publisher Gree, has completed its first fund for virtual reality investments and is rebranding so that it can invest in the broader augmented reality and mixed reality sectors.​

GREE VR Capital, the funding agency backing startups reminiscent of VRChat, TheWaveVR, and Littlstar, at present introduced the completion of its first immersive media fund, totaling $18.3 million in allotted funds.​

GVR Fund Raises $18.3m For Continued Investment In AR/VR

GREE VR Capital LLC has been involved in investing in popular and successful virtual reality (VR) start-ups and projects. The GVR Fund was first established in 2016, and upon completion will be changing its name to GFR Fund.​

Gree rebrands VR fund as focus shifts to mixed and augmented reality

Gree has rebranded and expanded its virtual reality fund as it gears up for a second round of investments. The ‘GVR Fund’ was launched back in April 2016 to help virtual and augmented reality developers find their feet ...

Gree expands VR fund as focus shifts to mixed and augmented reality

Gree has rebranded and expanded its ‘GVR’ virtual reality fund as it gears up for a second round of investments ...

Gree rebrands VR fund as focus shifts to mixed and augmented reality

Gree has rebranded and expanded its ‘GVR’ virtual reality fund as it gears up for a second round of investments...

Gamesindustry.biz reports: “Gree VR Capital has announced the end of its first funding round in virtual, augmented, and mixed realities after having committed $18.3 million into 17 different startups. The San Francisco-based venture capital fund has previously invested in startups such as VRChat, Silver.tv, and Littlestar.”